|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2014||referred to corporations, authorities and commissions|
|Jan 09, 2013||referred to corporations, authorities and commissions|
senate Bill S1248
Archive: Last Bill Status - In Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S1248 - Details
S1248 - Summary
Creates the niche market assistance projects for small businesses to identify and develop niche markets for their products in competitive environments.
S1248 - Sponsor Memo
BILL NUMBER:S1248 TITLE OF BILL: An act to amend the New York state urban development corporation act, in relation to creating niche market assistance projects to promote economic development PURPOSE OR GENERAL IDEA OF BILL: To assist small manufacturers to seek niche markets. SUMMARY OF SPECIFIC PROVISIONS: A "niche market" is a targeted market composed of individuals and businesses that have similar interests and needs, which can be readily identified and that can be easily targeted and reached, or group of potential customers who share common characteristics making them especially receptive to the company's product, service or opportunity. The bill establishes a competitive program in UDC providing grants of up to $200,000 to a not-for-profit corporation or Manufacturing Extension partnership program with a demonstrated capacity to conduct market analysis and seek new markets for niche products for manufacturers, to enable the grant recipients to work with and assist small manufacturers identify and develop niche markets.
S1248 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1248 2013-2014 Regular Sessions I N S E N A T E (PREFILED) January 9, 2013 ___________ Introduced by Sens. PERKINS, ESPAILLAT -- read twice and ordered print- ed, and when printed to be committed to the Committee on Corporations, Authorities and Commissions AN ACT to amend the New York state urban development corporation act, in relation to creating niche market assistance projects to promote economic development THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Statement of legislative intent. Small manufacturing enter- prises are responsible for an estimated twenty-eight to forty percent of employment in the manufacturing sector. They tend to be more effective at job creation and job replacement, more innovative in the development of products and process improvements, more flexible, and thus more competitive, in terms of the ability to produce small quantities. All of these factors help to explain the shift to smaller and average sized plants and the national trend toward more of the total production of goods coming from small manufacturers. Small manufacturing enterprises, often owned by minorities and new immigrants, have been growing. Leading this expansion in New York are specialty and ethnic food manufacturers, which have grown by more than eight percent over the past year. Other evidence suggests that there is similar growth in construction; specialty apparel for niche markets and other design-based manufacturing industries such as luxury consumer goods like jewelry; medical instruments; suppliers to service indus- tries; and companies serving local markets, such as makers of food products or suppliers of construction materials. Often, small manufacturers can not only survive, but grow, if they can identify and develop niche markets - targeted markets composed of indi- viduals and businesses that have similar interests and needs, which can be readily identified, and that can be easily targeted and reached, or a EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.
By contributing or voting you agree to the Terms of Participation and verify you are over 13.